SGT(SZ:002808)2022-04-22 16:00Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2021, representing a year-on-year increase of 15% compared to 2020[16]. - The net profit attributable to shareholders was RMB 150 million, which is a 10% increase from the previous year[16]. - The company's operating revenue for 2021 was ¥237,676,536.68, a decrease of 51.17% compared to ¥486,773,481.46 in 2020[22]. - The net profit attributable to shareholders for 2021 was -¥163,466,352.72, representing a decline of 743.13% from ¥25,417,250.71 in 2020[22]. - The net cash flow from operating activities for 2021 was ¥18,578,419.08, down 43.37% from ¥32,805,529.12 in 2020[22]. - The total assets at the end of 2021 were ¥609,200,653.99, a decrease of 22.77% from ¥788,796,690.82 at the end of 2020[22]. - The basic earnings per share for 2021 was -¥0.608, a decline of 740.00% from ¥0.095 in 2020[22]. - The weighted average return on equity for 2021 was -32.76%, a decrease of 37.09% from 4.33% in 2020[22]. - The company reported a total of ¥6,112,247.29 in non-recurring gains and losses for 2021, compared to ¥9,174,872.82 in 2020[27]. - The company reported a total revenue of 238 million RMB, a decrease of 51.17% compared to the previous year, and a net loss attributable to shareholders of 163 million RMB, a decline of 743.13%[62]. Market Strategy and Expansion - The company has outlined a market expansion strategy targeting Southeast Asia, aiming for a 30% increase in market share within the next two years[16]. - The company is actively expanding into international markets, targeting regions such as Europe, North America, South America, Southeast Asia, and Africa to enhance export scale[65]. - The company is expanding into the original equipment manufacturer (OEM) market for printers, aiming to capture new opportunities arising from domestic printer production[39]. - The company is focusing on high-end product sales and expanding its market coverage to improve economic efficiency[46]. - The company plans to enhance marketing and expand market channels to mitigate the impact of inventory adjustments and external factors[80]. Research and Development - The company plans to invest 20% of its revenue into research and development for new product innovations in the upcoming year[16]. - The company is developing new technologies in the field of organic photoconductors, with an expected launch in Q3 2022[16]. - The company has established a research and development team with a technical staff ratio of about 65%, focusing on advanced functional materials and optical electronic devices[58]. - Research and development expenses amounted to 19,819,857.95 CNY in 2021, a decrease of 2.29% from 20,285,067.84 CNY in 2020, while accounting for 8.34% of operating revenue[89]. - The company is focusing on R&D innovation and cost control to enhance product quality and pricing power in response to increasing competition in the industry[145]. Technological Advancements - The company has developed a highly automated high-resolution laser OPC drum production line, becoming the first in China to master the production technology, significantly reducing reliance on foreign equipment[49]. - The integration of blockchain-related algorithms into security products has strengthened their safety and confidentiality, positioning the company favorably in the information security sector[46]. - The company is leveraging its local advantages in Suzhou to innovate in new materials and manufacturing processes, maintaining a leading position in product performance and cost-effectiveness[50]. - The company aims to integrate its hardware and software capabilities to expand market opportunities in information security and enhance product quality[144]. Risk Management - Risks associated with market competition and technological innovation have been identified, with strategies in place to mitigate these risks[6]. - The company faces risks related to intellectual property infringement claims as it expands its business and product range[148]. - The company is monitoring exchange rate fluctuations, particularly with USD assets, to mitigate risks associated with international sales[152]. Corporate Governance - The company has established a robust governance structure in compliance with relevant laws and regulations, enhancing its operational transparency[156]. - The company is committed to maintaining independence from its controlling shareholders, ensuring fair and reasonable related-party transactions[158]. - The company has conducted two shareholder meetings in 2021, ensuring equal treatment of all shareholders and maintaining open communication channels[157]. - The company has established a comprehensive and transparent performance evaluation and incentive mechanism to enhance management performance[163]. Employee Management - The total number of employees at the end of the reporting period was 366, with 211 in production, 24 in sales, 71 in technology, 14 in finance, and 46 in administration[198]. - The total employee compensation accounted for 16.7% of the company's total costs in 2021[199]. - The number of core technical personnel was 71, representing 19.4% of the total workforce, with their compensation accounting for 33.4% of total employee compensation, showing a slight increase compared to previous years[200]. Product Development - The company is focusing on the development of new products, including a shared cloud printing system to meet market demands for shared printing and cloud office solutions[62]. - The company plans to launch three new products in the next quarter, aiming to capture an additional 10% market share[185]. - The management team emphasized a focus on sustainability and green technology in future product development[185]. Financial Management - The company has received approval for the new construction plan from the relevant authorities and is proceeding with the necessary preparations[119]. - The company has not reported any issues or problems in the disclosure of the use of raised funds during the reporting period[121]. - The company has not engaged in any significant equity or non-equity investments during the reporting period[109].